Stock has also broken out of Bearish Channel of 356 Points. Target for same – 470+356 = 826
Fundamentally Stock can be valued at 776*30 ie 23280crs vs Current Market Cap of 15909 crs Hence at 825 Rs Stock will be Fairly Priced Technically Stock has broken and retested important Resistance level of 531. Hence more upside can be expected. Long term Targets – 735, 940, 1154 SL – 514.85 (Weekly Close) Duration -3 Years
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.